Sinking Fund Plans

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  • 10/09/2014 at 12:06 pm #9689 Reply | Quote
    williamW

      I know this topic has been spoken about some years ago, and I remember JimmyT was a little frustrated with the interpretation of section 75A of the SSMAct.  But, let’s open this topic up once again.

      Older buildings are coming of age, and there is a preponderance of under funded Strata Plans in Australia. 

      Wasn’t s75A designed to avoid strata plans being faced with financial problems because they have not been saving each year, anticipating expenditure to update, refurbish and renew buildings that are 40 plus years old?

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    Reply To: Reply #22252 in Sinking Fund Plans
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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